Independence Contract Drilling Inc
NYSE:ICD
Bankruptcy Probability
Independence Contract Drilling Inc's probability of bankruptcy is 13.9%, signalling a meaningful chance of default. The solvency score is 24/100 — a sign of moderate financial strength.
We take all the information about a company's solvency (such as how easily a company can pay interest on its outstanding debt, how much cash it has, the amount of debt, and more) and use it to estimate the probability of bankruptcy.
Solvency Ratios
Solvency Ratios Comparison
Independence Contract Drilling Inc Competitors
| Country | Company | Market Cap | D/E | D/A |
Interest Coverage |
Altman Z-Score |
Quick Ratio |
Current Ratio |
Cash Ratio |
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|---|---|---|---|---|---|---|---|---|---|---|---|
| US |
|
Independence Contract Drilling Inc
NYSE:ICD
|
140k USD |
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| CN |
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China Oilfield Services Ltd
SSE:601808
|
86.5B CNY |
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| US |
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Noble Corp (Cayman Island)
NYSE:NE
|
7.2B USD |
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| CH |
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Transocean Ltd
NYSE:RIG
|
7B USD |
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| BM |
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Valaris Ltd
NYSE:VAL
|
6.5B USD |
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| SA |
A
|
ADES Holding Company SJSC
SAU:2382
|
21.8B SAR |
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| US |
|
Noble Corporation PLC
CSE:NOBLE
|
31.4B DKK |
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| US |
|
Patterson-UTI Energy Inc
NASDAQ:PTEN
|
3.7B USD |
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| US |
|
Helmerich and Payne Inc
NYSE:HP
|
3.5B USD |
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| SA |
A
|
Arabian Drilling Co
SAU:2381
|
10.8B SAR |
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| BM |
|
Seadrill Ltd
NYSE:SDRL
|
2.7B USD |
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Independence Contract Drilling Inc's probability of bankruptcy is 13.9%, signalling a meaningful chance of default.
The probability of bankruptcy is estimated using credit risk models that assess its financial health, debt levels, interest coverage, and other solvency indicators.
As of the latest report, Independence Contract Drilling Inc has total debt of 170.9m USD. This includes both short-term (0 USD) and long-term (170.9m USD) debt.
You can find a full breakdown on its Balance Sheet.
